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ACCI Lauds Presidency For Unbundling Electricity Supply in Nigeria States
The Abuja Chamber of Commerce and Industry (ACCI) has lauded President Muhammadu Buhari (GCFR) and the 9th National Assembly for unbundling the transmission and distribution of electricity supply, by enabling the 36 States in Nigeria to generate, transmit and distribute electricity in areas covered by national grid. It could be recalled that in year 2021, […]
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NBA: Petrol Price Increased By 54.76% In One Year
The National Bureau of Statistics (NBS), says the average retail price of a litre of Petrol increased from N170.42 in February 2022 to N263.76 in February 2023. It made the declaration in its Petrol Price Watch for February 2023 released in Abuja on Tuesday. It stated that the February 2023 price of N263.76 represented a […]
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Tax Evasion: ACCI Seeks Extension for Hotels Operators
The President of the Abuja Chamber of Commerce and Industry has reacted to the news that the Abuja Municipal Area Council (AMAC) intends to seal hotels over issues of tax evasion and the implication it would have on the hospital business. ACCI appreciates the support of AMAC to SMEs through the provision of infrastructure and […]
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NEPZA Boss Describes Bola Tinubu as Brainbox of Modern Free Trade Zone in Nigeria
Prof. Adesoji Adesugba, the Managing Director of the Nigeria Export Processing Zones Authority (NEPZA) says Asiwaju Bola Ahmed Tinubu, winner of the country’s February 25 Presidential Election is an undisputed brainbox of modern Free Trade Zone in Nigeria. Adesugba, also, the Chief Executive Officer of NEPZA, made this remark in his congratulatory message to the […]
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NEPZA, SEC Begin Process of Listing FTZs on Capital Market
The Federal Government is preparing the country’s business environment for greater prosperity and wealth circulation as plans are underway to begin the listing of Free Trades Zones and zones’ enterprises on the Nigeria Capital Market. The Nigeria Export Processing Zones Authority (NEPZA); Nigeria Economic Zones Association (NEZA) and the Security and Exchange Commission (SEC) as […]
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NAIRA NOTES: Mixed reactions follows Buhari’s order on N200 old note’s validity
On Thursday, some residents of the Kano metropolis differed in their reactions to President Muhammadu Buhari’s approval of the continued use of the old N200 note as legal tender.According to the News Agency of Nigeria, some residents applauded the Federal Government for extending the use of the old N200 notes by 60 days as a […]
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ACCI Policy Centre Gets New Executive Director
Abuja Chamber of Commerce and Industry (ACCI) has appointed Mr Chidiebere Onwumere as the new Executive Director of the Policy Advocacy Centre of the Chamber. Mr Onwumere, a professional in media and marketing is the co-founder of Brandmarks Communications Limited, one of Nigeria’s leading Strategy and Communications Consultancy firms in Nigeria. For over two decades, […]
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ACCI Hands Over 10 Hectares of Land To Developer
Abuja Chamber of Commerce and Industry (ACCI) has handed over a 10 hectares of the Chamber’s property to Cityspace Property Limited for construction of Ultra-modern market which is expected to transform the business space of Abuja and will be rated as one of the best Ultra-modern markets in Africa. The President of ACCI, Dr Al-mujtaba […]
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We expect naira weakness once the new notes fully circulate – Analyst
The naira has held fairly steady on the back of the chaotic currency exchange programme, but analysts say its weakness against the dollar will likely resume as the new currency notes are circulated in the system. The lack of physical cash has held the naira stable against the dollar this week, trading at 747 from […]